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million for the stake. >>> google avoided paying about $2 billion worldwide income taxes last year. the company moved nearly $10 billion in overseas profits to bermuda, where there is no,, >>> good morning. heading out, grab the jacket. it's chilly in spots. overlooking san jose now not a bad start to the day at all. we have mostly clear skies, some patchy, dense fog in the valleys and fog at the coast.temperatures in the 30s and 40s now, this afternoon 50s and 60s. rain overnight and tomorrow morning. >> announcer: this national weather report sponsored by kay jewelers, every kiss begins with kay. >>> i man murdered in broad daylight execution style. >> no one's seen the person that did it. whoever did it was like, you know, he was a ghost. >> this morning we'll ask former nypd insider john miller about the search for the gunman. >>> and college basketball's greatest spectacle turns 75, and the ncaa is having a big celebration. jim nance. cbs sports remembers some of the legendary games, teams, players and coaches from march madness on "cbs this morning." >> announcer: this portio
rival google announced last summer that its new media streaming device called the nexus q is made in the u.s. speculation is rampant about what computer and where in the u.s. apple will manufacture its former assembly plant in elk grove one possibility. although some see apple's decision as a public relations move, one user says it's right for the times. >> i hope it's something tangible. this is also for the stakeholders. people on the ground actually working on the apple phones. >> reporter: low wages and low fuel costs were the main forces driving companies to start manufacturing overseas allen but over the decades we in that fuel costs are definitely up and wages in china as a result of some of this reporting of bad conditions there are on the rise 15 to 20% as well so it doesn't make as much economic sense as it used to. >> i'm sure consumers are wondering oh, yeah but does that mean all the apple products are going to cost more? will they raise prices on me is it. >> reporter: it's a competitive thing. they are getting a lot of mileage out of moving some manufacturing of one
sluggish areas. >> >> welcome back. apple and google, bitter rivals in smart phone technology, have joined up for to make a combined bid for a bundle of patents offer by photography pioneer kodak. reporters say that apple and google have abandoned competing bids for the portfolio if to offer a combined $5 million. if the sum is the minimum code that can sell the patents for instill gave a $830 million loan that is crucial to getting the company at a bankruptcy. kodak filed for chapter 11 bankruptcy protection in january after struggling to adapt to the world of digital photography. >> mobil-payments company squier says is now offering digital gift cards. now anyone can purchase a card from the 250,000 merchants that accept square wallet, and have that lets consumers pay with their smart phones. >> the white house is expanding its social media outreach, joining the picture and video web site pinter is. the obama administration says that that was sure pins and boards of that range from inspiring images and close. >> the national hanukkah menorah was lit during a ceremony at the nation's capi
an important letter. he's built a rocket ship to travel into space." google, how far is earth to the moon? the moon is 238,900 miles... "the great moment had come." 3, 2, 1... [ giggling ] >>> this is a cbs 5 eyewitness news morning update. >>> hi everyone and good morning, 8:25 your time. i'm frank mallicoat with your news headlines. rescue teams are searching for a 77-year-old man, philip maddingly had been called to service a boat. and his family says henner came home. he's 6-foot tall, about 200 pounds and surgery scars on his left arm. >>> san jose residents will have one chance to voice their opinion about the city's next police chief. the last of four meetings set to go off at the south side community center. the next police chief will probably come from outside the city. no one within the department has applied for the job. >>> and the bay bridge toll plaza is getting a new look starting tonight. caltrans plans to spend 6 1/2 million dollars to give the toll plaza a facelift and it will be done in the overnight hours in the next six months. got your traffic and weather coming up a
Search Results 0 to 3 of about 4